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Dec 31, 2012
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fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on a number of procedural maneuvers tonight to pave the way for quick votes over the next few days. they are not actively involved in the negotiations but if these two are to get a deal, vice president and senate minority leader the house could do a quick vote. >> two other things, first, if they don't do a deal, what can the average american, expect as far as tax increases? >> the average american could and not up and down the income sale. bush tax cuts created lower tax brackets for lower income americans, so up and down you would see specific tax increases not just on wealthier americans. >> and this doesn't hav
fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on...
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Dec 29, 2012
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gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's notlike the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush ta
gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every...
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rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
rich edson on capitol hill as we await the ball drop and the fiscal cliff to hit. rich: we have just gotten a back of the envelope, unofficial congressional budget office.
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Dec 27, 2012
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shibani: we are just four days away before the fiscal cliff deadline, and as many investors scramble to adjust their portfolios, we've got a money manager who says he's got three plays that could yield you 20% no matter what the fiscal cliff resolution ends up being. joining us now is randy warren, warren financial services cio. thanks for joining us. >> nice to be here. thank you. shibani: so right off the top, i would love to know, why is it that etfs you feel can be a little bit more resistant to the waves coming in, the shockwaves coming out of d.c.? >> i think you go for some sectors that aren't necessarily in the crosshairs of what's going on in the house and in the senate right now. so i'm looking at things like the financial sector. it's been beaten down over the last few years. we all know about all the history that's gone on since 2007, 2008, some of the banks failed, some of the big banks failed and also the problems in europe. a lot of the banks had trouble in europe over the last couple of years. they are starting to rebound now. there's an opportunity for improvement in
shibani: we are just four days away before the fiscal cliff deadline, and as many investors scramble to adjust their portfolios, we've got a money manager who says he's got three plays that could yield you 20% no matter what the fiscal cliff resolution ends up being. joining us now is randy warren, warren financial services cio. thanks for joining us. >> nice to be here. thank you. shibani: so right off the top, i would love to know, why is it that etfs you feel can be a little bit more...
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Dec 27, 2012
12/12
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the house has passed legislation to avoid the entire fiscal cliff, senate democrats have not. stuart: senator harry reid blaming the republicans and republican response as we have done our part, you have got to do something first. political go at it. the wall street journal is reporting president obama called congressional leaders today to discuss the fiscal cliff and what we have got is a political attack from senator harry reid, a defensive move from the republicans, they're going at it and the dow is down 91 points. >> mel brooks at the governor says we have to save our phony baloney jobs. they are not. stuart: we have new numbers just out showing the number of workers on disability, social security disability, has hit a record high, 827,725 as of dec.. joining us is the author of hollywood hypocrites'. we have got social security, record number of people on disability, record deficit for social security, $47 billion a year, almost $1 billion a week flowing out more than coming in and young people, you voted for no change to entitlement, keep on paying for old people. what
the house has passed legislation to avoid the entire fiscal cliff, senate democrats have not. stuart: senator harry reid blaming the republicans and republican response as we have done our part, you have got to do something first. political go at it. the wall street journal is reporting president obama called congressional leaders today to discuss the fiscal cliff and what we have got is a political attack from senator harry reid, a defensive move from the republicans, they're going at it and...
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Dec 31, 2012
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cheryl: i cleverly brought you back to the fiscal cliff debate because i want to ask you about this. if you look at the expiration of the bush tax cuts, something else that would go way in 11 and a half hours, that's one-and-a-half percent of gdp. that is a big chunk of this nation's economy that goes away in spending power. i know you and i disagree, but we agree here. some of these tax cuts need to stay in place. >> without question, without question. there is certainly a healthy debate to be had about at what level you maintain the tax cuts. so close to seeing all those tax cuts go away. a completely ridiculous congress inflicted wound on the economy that is very difficult to square with reality. certainly i understand that retroactively they can do a lot to restore a lot of the damaged, but we are so close to the purposes -- press the does, it makes no sense. cheryl: last and final question. i know this is tough to answer, but we have had some really good things happen. the recovery, calling it a recovery, the fed that has been more than generous and throwing money into the syste
cheryl: i cleverly brought you back to the fiscal cliff debate because i want to ask you about this. if you look at the expiration of the bush tax cuts, something else that would go way in 11 and a half hours, that's one-and-a-half percent of gdp. that is a big chunk of this nation's economy that goes away in spending power. i know you and i disagree, but we agree here. some of these tax cuts need to stay in place. >> without question, without question. there is certainly a healthy debate...